Unity Development & Technologies Ltd.

Real Estate Sector in Economy of Bangladesh

The real estate and housing sector is one of the main drivers of any national economic development and industrialization. In Bangladesh the real estate has emerged as a critical sector of our economy. It has a huge multiplier effect on the economic activities and therefore, is a big driver of economic growth. It is one of the largest employment-generating sectors after agriculture. This sector has been contributing about 12-15 per cent to Bangladesh’s gross domestic product (GDP). Not only does it generate directly and indirectly 2.5 million employment opportunities, but it also arouses the demand for over 250 ancillary industries e.g. steel, cement, tiles and sanitary ware, cable and electric ware, paint, glass and aluminum, brick, building materials, consumer durables and so on. In addition, the real estate and housing sector is contributing 12 per cent to 15 per cent to the national GDP and the annual turnover about Bangladesh Taka (BDT) 20 billion.